Income Tax Reurn of Charitable Trust
This query is : Resolved
30 September 2019
I am filing ITR 7 in excel utility provided by department on their website. After completing return, when i am calculating tax in utlity it calculates tax @30% while tax on trust should be as per normal slab rate applicable for individual i.e. no tax upto Rs 2,50,000. I have checked my return for eneted details many times, I am sure that it is 100 % correct then why utility is calculating @30%.
If any one have used department utility for ITR 7 please help me in this regard as soon as possible.
If anybody have faced same problem as before will please give your soonest feedbackso will ractify it.
Thank You
If any one have used department utility for ITR 7 please help me in this regard as soon as possible.
If anybody have faced same problem as before will please give your soonest feedbackso will ractify it.
Thank You
01 October 2019
Is your trust is registered u/s 12AA. Did you file ITR 7 for the trust last year.
01 October 2019
Yes Sir, my trust is registered u/s 12AA and I have filed ITR 7 for the trust last year.
01 October 2019
In such a case it should not calculate 30% tax. Check ITR again.
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